LEAD INTELLIGENT(SZ:300450) 2 1 Shi Ji Jing Ji Bao Dao·2026-02-12 02:05Core Viewpoint - The successful listing of XianDao Intelligent on the Hong Kong Stock Exchange marks a significant milestone for the company, enhancing its global presence and capital platform for future growth in the renewable energy sector [1][6]. Group 1: IPO Details - XianDao Intelligent's IPO raised approximately 4.796 billion HKD, making it the second-largest fundraising for a renewable energy company in Hong Kong, following CATL's secondary listing [2]. - The company issued 108 million H-shares, with 8.7% allocated for public offering and 91.3% for international placement, achieving a subscription rate of 9.1 times for the public offering [2]. - The final offering price was set at 45.8 HKD per share, which is the upper limit of the previously announced price range [2]. Group 2: Use of Proceeds - The funds raised will be utilized for expanding global R&D, sales, and service networks, enhancing digital infrastructure, and improving operational efficiency across various business processes [3]. - The company aims to deepen its platform strategy and invest in product design and manufacturing process optimization [3]. Group 3: Revenue and Market Position - In 2024, XianDao Intelligent's revenue sources include lithium battery equipment (76.89 billion CNY, 65.3%), smart logistics (18.67 billion CNY, 15.8%), photovoltaic equipment (8.67 billion CNY, 7.4%), and 3C equipment (6.89 billion CNY, 5.9%) [4]. - The company holds a 15.5% share of the global lithium battery equipment market and a 33.5% share of the global smart logistics equipment market, making it a leading supplier in these sectors [4]. - The company reported a revenue of 10.388 billion CNY in the first three quarters of 2025, reflecting a year-on-year growth of 14.9% [4]. Group 4: Profitability and Future Outlook - XianDao Intelligent projects a net profit of 1.5 billion to 1.8 billion CNY for 2025, representing a year-on-year increase of 424.29% to 529.15% [5]. - The company has seen an increase in overseas revenue, which accounted for 19.4% of total revenue in the first three quarters of 2025 [4]. - The company aims to leverage its listing to enhance its international influence and drive high-quality development, focusing on technological advancements and global expansion [6].